Duplex with Redevelopment
638 SW 15th Ave Miami, FL 33135
For Sale
Contact for pricing
Duplex on a T5-O zoned lot within a TOD area, currently leased to two long-term tenants.
Property Size1,405 SF
Price / SF$818.51
Days on Market108
Property Features for 638 SW 15th Ave
General Information
- Standard status
- Active
- Size
- 1,405 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1923
Listing Agency:
Veissi & Associates, Inc.
(786) 683-2787
Listed By:
Mikel Urbistondo · License #3649287
Source:
Crexi
Added: Apr 8
Changed: Jul 22
Last Checked: Jul 23 at 2:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Veissi & Associates, Inc.
Investment Insights
Based on property information with market context.
Located at 638 SW 15th Ave, Miami, FL 33135, this property is currently configured as a duplex with two long-term tenants. The seller notes the property is larger than the tax roll and generating $4,050 per month in total rent. The offering also includes redevelopment considerations tied to the site’s zoning and applicable state legislation.
The property is zoned T5-O and the public remarks indicate the site is within a TOD area within half a mile of SW 7th Street. The remarks further reference Florida’s SB 102 “Live Local Act,” stating that a 20-unit multifamily development can be achieved, subject to buyer due diligence.
Buyers should verify what uses and building outcomes are allowed for this specific site and conditions, and should not disturb the current tenants.
The property is zoned T5-O and the public remarks indicate the site is within a TOD area within half a mile of SW 7th Street. The remarks further reference Florida’s SB 102 “Live Local Act,” stating that a 20-unit multifamily development can be achieved, subject to buyer due diligence.
Buyers should verify what uses and building outcomes are allowed for this specific site and conditions, and should not disturb the current tenants.
Key Highlights
- Duplex built in 1923, currently leased to two long‑term tenants
- Tenants pay a combined $4,050 per month
- Zoned T5‑O, offering redevelopment flexibility
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex on a T5-O zoned lot within a TOD area, currently leased to two long-term tenants.
Where is this duplex located?
The property is located at 638 SW 15th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Duplex built in 1923, currently leased to two long‑term tenants; Tenants pay a combined $4,050 per month; Zoned T5‑O, offering redevelopment flexibility
